FTSE MIB Starts Week Lower
2025-12-08 09:07
By
Judith Sib-at
1 min. read
The FTSE MIB slipped 0.2% to around 43,330 in early Monday trading, starting the week on a cautious note as investors await key central bank decisions.
Attention is mainly on the US Federal Reserve, which is widely expected to implement a 25-basis-point rate cut, although traders are particularly keen on the updated FOMC economic projections for hints on the Fed’s outlook.
Shares of Ferrari fell 2.6% after Morgan Stanley downgraded the luxury sports car maker to ‘equal weight’ from ‘overweight,’ lowering its target price from $520 to $425 per share.
Other early laggards included major Italian banks and energy stocks: Eni (-1.5%), Mediobanca (-1.8%), Bper Banca (-1.2%), Banca Mediolanum (-1.4%), and FinecoBank (-1.5%).